TATACHEM trade ideas
daily tatachem channel breakout analysed on 3 june 2021daily tatachem channel breakout analysed on 3 june 2021
TATA Chemicals - BuyTATA Chemicals - Buy
Buy Range:693-711
Upside Target: 758.45, 794.25, 836.9
Support Levels: 673.10, 626.35
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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2 reasons to buy Tata Chemicals1) Strong uptrend support with a green candle formed on that.
2) MACD crossover is indicating a buying opportunity for swing trade.
Can be bought for a target of 785. CMP-704.
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TATACHEM - Swing Trade Upward BiasAfter a period of consolidation, TATACHEM is ready for Up move towards higher levels.
Chart Pattern - Pennant Formation , Channel Breakout
Good Volume seen on 28th May Daily Candle
Swing Trade can be taken as follows:
Buy only Above 720, Stop Loss 685
TGT 1 - 795 (10.5%)
TGT 2 - 855 (18.8%)
TGT 3 - 895 (24.3%)
TATACHEM- Analysis Buy Sell LevelsTATACHEM
Buy - Above 736
SL - 720
Target - 750 770 800 830 850
Aggressive Long Should Be Taken Above ATH
TATACHEM
Short - Below 670
SL - 695
Target - 600 500
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Short - Tata ChemicalsStock is in the distribution phase. We can see good selling pressure once it breaks 670.
Disc: This is not a trading recommendation. Please do your own research or consult your financial advisor. Charts are for educational purposes only.
ALT FLYING FOX HAS FORMED WITH A BULLISH AND HARMONIC TARGET OALT FLYING FOX HAS FORMED WITH A BULLISH AND HARMONIC TARGET OF RS 900
Tata chemical seems BullishIf market is opened flat in morning then tata chemical can be seen for buying side with a SL-705 with a target of 715,720,733
Tata chemical - may bouncePut writers are not going to give up easily. so small bounce is possible from here to 744-758 level,
Buy from cmp to 689
easy target 740
Likely to take support around 700
Disclaimer : This is my personal analysis for study purpose not intended for trading
TATA CHEMICALS - Head & ShouldersHead & Shoulders pattern forming on 4H Chart of TATA CHEMICALS. SELL 709.90, SL 760.10, Target(s) - 690, 675, 655-660, 645. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Don't do what everybody else does"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experience.
Don’t do what everybody else does because they are loosing. Simply by seeing head and shoulders,either they shorted the market or else exited from their long position.
Clearly market was at oversold position and on top of that was at known support level. Hence reversed nicely. What next? It seems that for sometime it will be in a downward channel and will give nice trading opportunities at conference points. For reversal to long position, will be keeping tab on the market and take long position when market structure tells when it will be safe to initiate long.
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Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Going long on stockTATA CHEMICAL..
Stock went into profit booking after it's result and come's down to the breakout level and taken multiple nd strong support onto it's breakout zone and decreasing selling volume with positive RSI divergence
Recommended to go long on stock above 730 levels for a minimum 5-7%move with a SL of 15RS..
